ETCA will cause no harm to local industries: State Min.

State Minister of International Trade Sujeewa Senasinghe said the proposed  Economic and Technology Cooperation Agreement (ETCA) with India, was aimed at developing the country’s economy and not to fulfil any hidden political agenda.

Bangladeshi firms eyeing CSE listings

Bangladeshi companies are also inquiring from the Colombo Stock Exchange the possibility of listing their companies in the bourse, a top official said yesterday. “Bangladeshi companies are slowly asking us ‘can we list here?’” CSE Chairman Vajira Kulatilaka said.

MTI’s ‘idea2fund’ attracts 250 ideas to fund

A total of 250 potential start-ups and scale-ups have applied for the first round of MTI’s ‘idea2fund, the deadline for which was 29th February 2016. 

NSB directors appointed to Entrust board

The directors of state-owned National Savings Bank have been appointed to the board of troubled Entrust Securities PLC, under a Central Bank directive.

Two Lankan firms ink agreements with NZ counterparts

Two Sri Lankan private sector companies have entered into business arrangements with two New Zealand business giants, following the recent visit of New Zealand Prime Minister John Key. 

Japan’s Sojitz Corp buys major stake in Kelanitissa

Japanese industrial giant Sojitz Corporation has bought over 90 percent of the shares of Kelanitissa Private Limited, which owns the 163MW Kelanitissa fossil fuel power plant.

Customs Dept. sets up 24/7 hotline to provide speedy solutions

The Sri Lanka Customs Department has begun operating a 24/7 customer hotline to help solve any customs issues within 8 days.

LOLC rings bell to open trading

Lanka Orix Leasing Company PLC opened trading at the bourse yesterday with the traditional bell ringing ceremony on the first day of trading each month for companies listed under S&P SL20 index.  The LOLC Group last week signed a foreign syndicated loan of US$ 247 million to fund its corporate debt and micro financing operations.  

Ceylinco Life ends 2015 as country’s No 1 life insurer for 12th successive year

Ceylinco Life has ended 2015 on a characteristically strong note with a total income of Rs.19.89 billion, of which the premium income accounted for Rs.13.4 billion, keeping the company at the helm of the life insurance industry for the 12th consecutive year.

Huawei-Singer introduce Mate 8 and GR5 smartphones

Huawei, together with its national distributor Singer Sri Lanka, introduced the two latest flagship smartphones – Huawei Mate 8 and Huawei GR5 – to Sri Lanka at a grand spectacle held at Cinnamon Grand. 

MoneyGram partners 2016 ICC World Twenty20 as Official Sponsor

The global provider of innovative money transfer and payment services, MoneyGram, has been named an official sponsor of the upcoming 2016 ICC World Twenty20 Tournament, and in line with this, has launched the ‘MoneyGram Bowling Challenge’ – an exciting competition that will give Sri Lankan cricket fans a chance to win tickets to the T20 matches. 

Schueco India announces new partnership with Asoka Glass & Mirror

In a recent geographic expansion for Schueco India operations in another country, Schueco has tied-up with Asoka Glass & Mirror. 

Microsoft educates Singer managers on Genuine Windows 10

Microsoft Sri Lanka hosted Singer Sri Lanka’s Colombo regional branch managers and regional managers to educate them on the use of genuine Windows 10 in laptops  and notebooks. 

CLC’s Commercial Factors – The first with CEFTS

Commercial Factors, the factoring arm of Commercial Leasing & Finance PLC (CLC), proudly informs that it now offers the flawless real-time Lanka Clear’s Common Electronic Fund Transfer System (CEFTS) facility to its clients. Commercial Factors is the first factoring/working capital solutions provider to have registered for CEFTS.  

Creative Solutions ‘LayUp’ goes global with Enterprise Learning

Over the past year, Creative eLearning, a subsidiary of Creative Solutions, has worked to improve education online through its flagship product LayUp – a cloud-based eLearning platform and social collaboration tool built for enterprise.

Maxxis Tyres t3 holds dealer convention

Maxxis  Tyres t3 2015 award ceremony and the dealer convention was held on 27th February at The Kingsbury Colombo, with over 275 dealers participating at the event. The winner, the best dealer with highest performance in 2015 was Ravindra Premathilaka of Ravindra Lanka Auto service (Pvt) Ltd.  Here the winner receiving the award from Dr. Wally Y H Chen, President Maxxis International.  Lenny H K Lee, Maxxis Global Marketing Directo

Risks of doing business and the world economy

It is extremely important for each and every economy to realize the global risks of doing business. The World Economic Forum has been compiling the Global Risks Report (GRR) annually since 2006 with the intension of recognizing the challenges that the economies in the world are collectively facing, in order that economies may be able to address the issues in a more meaningful manner, purely because every economy is interrelated than ever before.

Nestlé opens new milk chilling centre, contributes nearly Rs. 4 bn to dairy industry

Nestlé, Sri Lanka’s largest private sector collector of fresh milk, has contributed Rs. 3.6 billion to almost 20,000 local farmers as payment for fresh milk, to manufacture its products like Nespray, Milo and Milkmaid. 

Access Engineering making headway in rehabilitating six waste water pump stations

Access Engineering PLC is making significant headway in the rehabilitation work of the wastewater pump stations in Dehiwala, Mt. Lavinia and Kolonnawa under the Greater Colombo Wastewater Management Project. 

Tech Pacific Lanka wins Emerson Excellence Award

Tech Pacific Lanka, one of Sri Lanka’s specialized information technology (IT) distributing companies, was recently awarded a certificate of excellence for being the ‘Best Partner for Smart Solutions for the year 2015’ by Emerson Network Power (I) (Pvt.) Ltd.

ASOCIO honours Softlogic as Outstanding ICT Company

Softlogic Information Technologies, one of the premier ICT companies in Sri Lanka and a pioneering subsidiary of Softlogic Holdings, announced that it was the only company in Sri Lanka that won a merit award as an ‘Outstanding ICT Company’ by the Asian-Oceanian Computing Industry Organisation (ASOCIO). 

Suncity completes 6-storey tower in Moratuwa

Suncity Developers has announced the completion of the six-storey apartment complex  in Moratuwa Comprising 20 fully functional apartments, Suncity Towers, Moratuwa is equipped with modern accessories and conveniences for residents and will be ready for occupation in July 2016. 

NDB Bank’s corporate customers experience Dynasty Residence in Kandy

NDB Bank joined hands with GVR Lanka (Pvt.) Ltd to promote Dynasty Residence, the luxury apartment project in Kandy, among its premier customers in the Central Province.

NDB Wealth’s simple formula for financial independence

With another Sri Lankan Independence Day already passed, isn’t it time you did some thinking about how well you’re doing in achieving your own financial independence, asks Prabodha Samarasekera, CEO of expert financial planner NDB Wealth.

Fabrication partnership in Sri Lanka Schüco India new partnership in Sri Lanka with Asoka Glass & Mi

In a recent geographic expansion for Schueco India operations in another country, Schueco has tied-up with Asoka Glass & Mirror. The fabrication partner is a renowned name in Sri Lanka and is considered a pioneer in the    glass industry and has been in existence since 1946.

Coca-Cola refreshes the 9th National Scout Jamboree

Coca-Cola Beverages Sri Lanka Limited, wasproud to bethe official beverage sponsor of the recently concluded 9th National Scout Jamboree andrefresh over 10,000 scouts and leaders from over 30 countries participating in the Jamboree.

Samsung celebrates their success with valued partners at annual gala dinner

Samsung Electronics in Sri Lanka recently hosted their valued partners to a gala dinner and a night of entertainment at the Cinnamon Lakeside - Grand Ballroom. The event celebrated the exponential growth of Samsung in Sri Lanka

Leo Burnett Sri Lanka’s Trevor Kennedy to serve onthe ADFEST 2016 jury

Trevor Kennedy, the Chief Creative Officer of Leo Burnett Sri Lanka, was recently appointed to the ADFEST 2016 jury and will join an eminent gathering of creative professionals at the upcoming festival, which is set to take place in Pattaya, Thailand this March. 

Sampath Bank collaborates with ‘Walk for Sight’ to combat eye-related ailments

Sampath Bank partnered with “Walk for Sight”, a humanitarian walk organized by the Vision 2020 programme of the Ministry of Health to address yet another national health issue - Avoidable Blindness and Eye Related Diseases.

SJMS enriches needy children with school essentials

The CSR arm of SJMS Associates launched yet another CSR initiative by way of distributing school essentials to needy schoolchildren in Kuliyapitiya, Neriyakulam, Yakawewa and Mannar areas on 17th and 18th January.